Esquire Financial (NASDAQ:ESQ) was downgraded by stock analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

Esquire Financial (ESQ) opened at $21.00 on Tuesday. Esquire Financial has a twelve month low of $14.51 and a twelve month high of $23.18.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. The business had revenue of $6.57 million during the quarter. Esquire Financial had a net margin of 15.41% and a return on equity of 5.39%.

In other news, Director Selig Zises purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $16.68 per share, with a total value of $41,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders purchased 5,200 shares of company stock worth $83,224. 22.70% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ESQ. Goldman Sachs Group Inc. acquired a new stake in shares of Esquire Financial during the 2nd quarter worth about $177,000. Citadel Advisors LLC purchased a new position in shares of Esquire Financial during the 2nd quarter worth about $195,000. Bank of New York Mellon Corp purchased a new position in shares of Esquire Financial during the 3rd quarter worth about $269,000. Susquehanna International Group LLP purchased a new position in shares of Esquire Financial during the 2nd quarter worth about $314,000. Finally, ELCO Management Co. LLC purchased a new position in shares of Esquire Financial during the 2nd quarter worth about $599,000. 35.77% of the stock is currently owned by institutional investors.

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About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company. The Company operates through its wholly owned bank subsidiary, Esquire Bank, National Association (the Bank). The Bank is a full service commercial bank engaged in serving the financial needs of the legal and small business communities on a national basis, as well as commercial and retail customers in the New York metropolitan market.

The Fly

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